Bitcoin News Today: BTC Price Crash Risk Rises as Zero Call Returns A resurfaced clip is stirring fresh debate over where $BTC goes next. Bitcoin news today looks at a bold call from a gold i
A resurfaced clip is stirring fresh debate over where $BTC goes next. Bitcoin news today looks at a bold call from a gold industry leader, checks where Bitcoin actually stands right now, and unpacks why major banks remain so divided in the months ahead.
The comment came from David Tait, chief executive of the World Gold Council (WGC), who said flatly that Bitcoin will eventually go to zero. That claim lands as the token currently trades near $63K, roughly half its October peak, while gold sits close to record highs near $4,400 an ounce.
The contrast between the two is exactly what reignited this 2026 debate.
David Tait, chief executive of the WGC, said plainly that $BTC will go to zero over time. The comment came from a May 2026 interview that resurfaced online in August, based on reporting from Wu Blockchain. 
Tait was careful to frame this as personal opinion, not an official WGC forecast.
He called it "instinct as a trader," not a data-driven model.
His reasoning centers on one pattern. $BTC keeps moving alongside stocks and other risk assets during rough markets, instead of holding steady like precious metal during stress. That's the opposite of what a true hedge is supposed to do.
Gold, he noted, has thousands of years of history as a stored asset. Central banks, investors, and everyday buyers keep demand steady, something the crypto token hasn't matched through a full market cycle yet.
Current numbers show real pressure. As of mid-August, the token trades in the $63,500 range, based on data from CoinMarketCap.
Key price points worth tracking:
Current price: roughly $63,550
All-time high: around $126,198, set in early October 2025
Drawdown from peak: close to 50% (49.64%)
52-week low: high $57,000s
Year-over-year change: down about 46% from roughly $117,000 a year ago
This price drop is steep, but not unusual by historical standards. Past cycles have seen corrections top 70% to 80%. The current pullback, while painful, sits well inside that range.
Source: Trading Economics
Gold, meanwhile, trades near $4,400 per ounce ($4,388), supported by strong central bank buying. That gap between a rising gold price and a falling $BTC price is exactly what fuels comments like Tait's.
Calls for $BTC's collapse aren't new. Gold-advocates and traditional investors have made similar claims for years, usually loudest during downturns.
These claims matter because they touch a real, unresolved question. Is Bitcoin a speculative asset that moves with stocks, a genuine competitor to bullion, or something still figuring out its role.
Talk of crypto dead headlines tends to spike whenever $BTC corrects sharply while gold holds firm. History offers a mixed lesson here. Many past zero-price calls aged poorly as the crypto token recovered and pulled in bigger institutional money. Still, the underlying concern about weak correlation and heavy reliance on continued belief in the network remains fair.
Views across major firms show a wide range:
Standard Chartered: $100,000 target by end of 2026, with a longer-term $500,000 call by 2030
Bernstein: around $150,000
Other desks: estimates spanning $95,000 to $180,000 for end-2026
Citi: a lowered base case near $82,000, with a bear case at $53,000
Fidelity: expects 2026 to be more of a consolidation year, in the $65,000–$75,000 range
Personalities remain just as divided. Michael Saylor continues backing Bitcoins as a long-term store of value. Peter Schiff, a longtime gold supporter, keeps arguing the precious metal remains the stronger asset and has flagged large holder sales as a warning sign.
This kind of split reflects real uncertainty around crypto ETF demand, interest rate paths, and whether $BTC can eventually move independently of stock market swings.
What happens next likely comes down to a few clear factors: interest rate direction, ETF and corporate buying trends, and whether the crypto coin can finally show steadier behavior during the next bout of market stress. Tait's zero call may or may not hold up, but the gap between Bitcoin's swings and gold's steadiness is the real story worth following into year-end.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk. Always do your own research before making any investment decisions.
